Benji

Benji Updated 

MU is down roughly 4.5% today, with some heightened IV. I'm selling the $28.5 puts here for $.54, or about 1.89% ROC. This offers $2.25 theta in 24 days, possibly higher if we reach 50+% earlier. This play allows MU to drop around 5.5-6% before we're being tested. Same process, sell puts, assignment, sell calls.

Benji Updated 

Sept 15 120/130 Put Spread @ 1.03. 2x Stop Loss or 50% Win mgmt.

Benji Updated 

Sept 15 62.5/70 Put Spread @ $.93, 3 contracts. 2x stop loss, 50% win mgmt.

Benji Updated 

Sept 15 18/22 Short Put Spreads (reducing buying power in IRA) for $.42, 5 contracts. 2x stop loss, 50% win mgmt.

Benji Updated 

Looking to continue to move capital around for healthy ROCs. Sept 15 $24 put is offering 2.33% ROC in 51 days, possibly better if we get a quicker contraction. Sold Sept 15 $24 put for $.56.

Benji Updated 

Sept 15 113/118 Put Spread @ $.59, 2 contracts. Going for a little diversification here, as I'm pretty equity heavy. 2x Stop Loss or 50% win mgmt.

Benji Updated 

High IV in $MCD. Sept 15 140/150 put spread @ $1.13, 2 contracts. 2x stop loss, 50% win mgmt.

Benji

Sept 15 229/241 Put Spread at $1.08, 2 contracts. 2x stop loss, 50% win mgmt.

Benji Updated 

I wanted to wait for a pull back to get some theta back into TLT - here it is. Sept 115/122 Put Spread (IRA) for $.63, 3 contracts. 2x stop loss, 50% win mgmt.

Benji Updated 

This one is for a longer term approach. MSFT currently has a 2.10% divvy, according to FINVIZ. Selling the $70 put in September yielded $0.77 in credit, which is almost 1/2 of the yearly dividend that MFST gives out to start with. I will take this stock if the put expires in the money, giving me a basis of $69.23, which is about 5.5% below current price. If put...

Benji Updated 

Taking advantage of some high IV here. SMH currently has a 76 IVR, according to TW. I sold the Sept 15, $82 put for $1.12 credit. This 5.7% below the current price and offers a 1.36% ROC in 52 days. That's about $2.15 in theta decay a day, or possibly more per day if we squeeze out 50% in a shorter time frame. Same logic as always...get assigned, sell calls,...

Benji Updated 

XRT has an IVR of 70%, $39 strike put is offering 1.69% ROC in Sept, with 73% chance of success. Sold Sept 15 $39 put for $.66/contract.

Benji Updated 

Sept 15 82.5/90 Put Spread @ $1.00, 2 contracts 2x stop loss, 50% mgmt.

Benji Updated 

Sept 15 140/150 Put Spread @ $1.23. 2x stop loss, 50% win mgmt. Liquid underlying, I like to keep theta working in here.

Benji Updated 

High IV in AAPL here. I was wanting to sell well below the money before earnings and today's sell off gave up some good opportunities. Aug 18 $142 put for $1.31. I bought the 106 wing to just free up some BP, but I like the thought of owning some AAPL if I had to.

Benji Updated 

Back to the well in SBUX, still has high IV from earnings. Sept 15 40/52.5 Put Spread @ $.69, 2 contracts. 2x stop loss, 50% win mgmt.

Benji

Sept 15 126/137 Put Spread @ $1.01. 2x Stop Loss, 50% Win mgmt. I have been buying the wings on some of these higher priced underlyings to help with some BPR.

Benji Updated 

$SBUX earnings are coming up soon, IVR is fairly high with a 91 rank. Aug $57 strike is offering 1.6% ROC over 23 days. This is a stock I wouldn't mind owning and then selling calls against too. Aug 18 $57 put for $.91.